Printable View
Meanwhile, the range of motion near the USD / JPY today is still likely to persist with the trade in a range area of 80.00 - 80.35, so that significant movement of USD / JPY will be indicated if there is a breakout of the area.
Target movement up USD / JPY if the level of 80.35 impenetrable area in the range of 80.68 - 81.05, while the potential for movement down the USD / JPY if the 80.00 level impenetrable lower in the range of 79.65-79.35 area.
Usd.jpy bi bohat acha trading pair hay magar pehlay ap ko is kay baray mein kuch jankari lena ho gi phir ap is pay trade keray mera khayal mein ye acha pair hay daily ki pips ko get kernay kay liye.
When Obama won the presidential election a second time, the movement of safe haven currencies fairly thick felt, where the movement of USDJPY at 1-hour chart is being looked at for the JPY strengthened against the USD and is forming a double bottom. When the price managed to break 79.77 or Fibo level of -38%, then the yen will continue to at least -100% Fibo level at 79.47. Current resistance level at 80.15 or 38% Fibo level.
http://img850.imageshack.us/img850/5401/imageoj.gif
Continue the USD / JPY pressing negatively on intraday range
Still stuck trading between 79.40 and 80.70 levels, these levels represent the movement keys next to the price.
Neutrality continues to exceed the price one of these levels, as the break of 79.40 will bring the price to the general trend downward, while break of 80.70 will open the door further to climb
USDJPY through the bottom channel line. Deeper decline to test 79.27 support may be seen, as long as these levels persist, price actions from 80.37 are treated as consolidation of uptrend from 77.43, and another rise towards 81.00 is still possible.
The trading range for today is expected among key support at 79.50 and key resistance now at 80.60.
The general trend over short term basis is to the upside targeting 87.45 as far as areas of 75.20 remain intact.
There are the virtual classrooms which you can attend for lectures in the online mode and also take the facility of tuition over the internet on the one to one basis, apart from the emails and also the other modes of communications.
Technical Analysis For Short-Term (Short Term: 1-7 days) 60% Buy
**** trendspotter buy
**** 7 day average directional indicator buy
**** 10-8 day MA hilo channel hold
**** 20 day MA VS Price buy
**** 20-50 Day MACD oscillator buy
**** 20 Day Bollinger Bands hold
**** Technical Analysis for the Medium Term (Mid Term: 2-4 Sunday) 75% Buy
**** 40 Day hold commodity channel index
**** 50 Day MA VS Price buy
**** 20-100 Day MACD Oscillator
**** buy
**** 50 Day parabolic time / price buy
**** 20-50 Day MACD oscillator buy
**** Technical Analysis For Long Term (Long Term: 1-3 Months) 33% Buy
**** 60 Day commodity channel index buy
**** 100 Day MA VS Price buy
**** 50-100 Day MACD oscillator sell
it is very profitable pair i think and many times i use this pair and get profit so much.
USD / JPY consolidates overnight decline in Asian session around 79.50, sending the pair to the lowest 7-day EMA and the 21-day (today at 79.58) for the first time since October 11.
Target next speculator selling recorded at 78.57 (11-Oct) and 78.30 (January 25th highest). If speculators buying regain the upper hand, resistance at 79.65 (highest August 20) and 79.80 (38.2% Fibo). At current levels, the USD / JPY ready to end the week with a 1.2% decline, the first drop in three weeks because the 50% Fibonacci retracement away from being touched last week around 80.65.
Spoiler: